US crude inventories fall over 6 million barrels

The Energy Information Administration reported today that the US crude inventories fell 6.4 million barrels to 417.4 million barrels during the past week, while analysts forecast a drop by 3.5 million barrels.

Gasoline stocks fell 1.9 million barrels to 218.1 million barrels, and the distillate stocks fell 1.7 million barrels to 131.9 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 5.4 million barrels during the same period.